6 Executive summary Lightcast gratefully acknowledges the excellent support of the staff at SUNYWestchester Community College in making this study possible. Special thanks go to Dr. Belinda Miles, President, who approved the study, and to Yelizaveta Adams, Ed.D., Assistant Dean of Institutional Research, Planning, and Effectiveness; Naomi Dogani, Assistant Director of Institutional Research, Planning, and Effectiveness; Jonathan Reyes, Senior Research Analyst, Institutional Research, Planning, and Effectiveness; Joseph Phillips, Ed.D., Research Analyst, Institutional Research, Planning, and Effectiveness; and Peter Lillo, Program Specialist, who collected much of the data and information requested. Any errors in the report are the responsibility of Lightcast and not any of the above-mentioned individuals. Acknowledgments Advanced Manufacturing workforce program was created in 2014, so this impact is expected to grow over time as more workforce program completers are added to the regional workforce. The undiscounted lifetime earnings increase per student is $302.7 thousand. For every dollar current students invest in their education in SUNY WCC’s Engineering and Advanced Manufacturing program, they will receive on average $4.1 back over the course of their working lives. The corresponding internal rate of return for these students is 16.1%. Finally, students aren’t the only ones who receive benefits from completing the Engineering and Advanced Manufacturing program at SUNYWCC. New York taxpayers will also receive benefits from SUNY WCC’s Engineering and Advanced Manufacturing program students in the form of added tax revenues and government savings. In total, throughout the FY 2021-22 students’ working lifetime, New York taxpayers will receive $5.6 million in present value benefits. Healthcare In FY 2021-22, SUNY WCC enrolled 574 students in its Healthcare program, 147 of whom graduated in the analysis year and 209 were workforce students. Students who complete this program are expected to enter occupations such as registered nurses; radiologic technologists and technicians; respiratory therapists; billing and posting clerks; and nursing assistants. In Westchester County, the total number of jobs in these types of occupations in 2022 was 64,970, and over the next 10 years, the average number of jobs is expected to grow 12.3%. At the associate degree level and below there were 6,952 annual job openings. In 2022, regional employers published 4,968 unique job postings at the associate and belowdegree level for the considered occupations inWestchester County. Comparing annual job openings to the 448 regional Healthcare program completers, there is a gap of 6,504 job openings, meaning that there is not enough supply of trained workers in this area to meet the need of regional employers. SUNY WCC’s Healthcare program alumni generated an estimated $13.8 million in added income to the Westchester County economy in FY 2021-22. The undiscounted lifetime earnings increase per student is $831.2 thousand. For every dollar current students invest in their education in SUNY WCC’s Healthcare program, they will receive on average $2.7 back over the course of their working lives. The corresponding internal rate of return for these students is 15.2%. Finally, students aren’t the only ones who receive benefits from completing the Healthcare program at SUNY WCC. New York taxpayers will also receive benefits from SUNYWCC’s Healthcare program students in the form of added tax revenues and government savings. In total, throughout the FY 2021-22 students’ working lifetime, New York taxpayers will receive $4.6 million in present value benefits.
RkJQdWJsaXNoZXIy MTM2NjgzMA==